BAKU, Azerbaijan, September 24. The number of oil and gas wells drilled in Iran rose by 21 during the six months of the current Iranian year (from March 21 through August 22, 2025) compared to the same period last year (from March 20 through August 21, 2024), Deputy Executive Director of the National Iranian Oil Company Hamidreza Shafii Makvand told local media, Trend reports.
According to him, 67 oil and gas wells were drilled and developed in Iran in the reporting period.
Makvand said that 16 development and 51 repair wells were drilled and developed in the six months.
The company official noted that 56 of the drilled wells were drilled and developed in the territory of the National Company for the Southern Oil Zones, three in the territory of the Central Oil Zones Company, one in the territory of the Offshore Oil Company, and four in the territory of the Petroleum Engineering and Development Company.
At the same time, three wells were drilled by order of the National Oil Company.
Makvand shared that in just six short months, the total drilling volume reached an impressive 63,000 meters, showcasing remarkable progress and dedication.
At present, drilling is being carried out with 64 of the 74 drilling rigs of the National Drilling Company, he added.
Currently, Iran has 74 active oil fields and 22 gas fields. Of these, 37 are operated by the National Iranian South Oil Company, 14 by the Iranian Central Oil Fields Company, five by the Arvandan Oil and Gas Production Company, and 18 by the Iranian Offshore Oil Company. As for gas, five fields are located in the territory of the National Iranian South Oil Company, 13 in the Iranian Central Oil Fields Company, one in the Pars Oil and Gas Company, and three in the Iranian Offshore Oil Company.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion barrels. With existing equipment and technology, about 340 billion barrels can be extracted, meaning that only around 30 percent of reserves are recoverable, while the remaining 70 percent remains untapped underground.
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